US 10-Year Yield Holds at Near 3-Year High

2026-09-11 02:36 By Jam Kaimo Samonte 1 min. read

The yield on the 10-year US Treasury note climbed to around 4.97% on Friday, scaling its highest levels since October 2023 after the US Treasury Department’s first expanded buyback operation resulted in weaker-than-expected purchases.

The US government said it repurchased $5.2 billion worth of bonds, below the $6 billion cap and roughly half of the $10.5 billion offered in the operation.

Treasury yields also moved higher after data showed US producer inflation accelerated in August as the Iran war drove up wholesale energy prices, with traders now awaiting the latest consumer inflation data.

Markets are currently pricing in around a 71% probability that the Fed will deliver a 25-basis-point rate increase next week, up from 61% before the PPI report.

Meanwhile, oil prices surged above $100 a barrel as the US and Iran showed no signs of backing down from the conflict, raising concerns over prolonged disruptions to global energy supplies and higher inflation.



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